Archive for June, 2008

ACG Boston Welcomes New Members for June 2008!

Monday, June 30th, 2008

Please join us in welcoming the following new members to the ACG Boston Chapter:
Rik Ahlberg with Empiric Partners, LLC
Michael Bishop with Bernstein Global Wealth Management
Ian Blasco with Fidelity Equity Partners
Paul Bodet with RSM EquiCo Capital Markets
Caleb Clark with Windjammer Capital Investors
John Everets with Yorkshire Capital
Julie Ganong with Ganong Consulting
Lane Gordon with MerchantPortfolios.com
William Larrabee with Larrabee [...]

ACG Boston Welcomes New Corporate Plus Member Covington Associates

Monday, June 30th, 2008

Covington Associates is a specialty investment banking firm founded in 1991 serving business service, consumer, industrial, healthcare and technology companies throughout the country.  Focused on mergers and acquisitions, debt and equity capital raising, debt and equity restructuring, and strategic advisory assignments for middle market companies, Covington Associates has completed transactions ranging in value from $10 [...]

Audax Completes Add-On Acquisition for Mini-Skool with Purchase of Sandcastle Private School

Monday, June 30th, 2008

Sandcastle Private School (“Sandcastle”), based in Frisco, Texas, provides child care and day care services with a Montessori curriculum.  The acquisition further expands the footprint of Mini-Skool Early Learning Centers, Inc. (“Mini-Skool”) in the Dallas area.  Mini-Skool is an operator of full and part-time early child care centers in North America with over 100 locations [...]

The Watermill Group Taps PNC to Fund Major Acquisition

Friday, June 27th, 2008

PNC Business Credit’s Boston Office proudly announces providing $29.2 million in senior secured financing to Watermill Group a Lexington, Massachusetts based private equity investment firm.  The financing package was assembled by PNC to support Watermill’s acquisition and provide growth working capital for C&M Technologies Group Inc. (C&M), a leading manufacturer of custom cable, coil cords [...]

Covington Associates Advises Memry Corporation in Merger Agreement with SAES Getters

Friday, June 27th, 2008

Covington Associates announced today it acted as financial advisor to Memry Corporation (AMEX: MRY), a provider of design support, engineering, development and manufacturing services to the medical device industry and other industries using the company’s proprietary technologies, in its sale to SAES Getters. This is the fifth in a series of recent transactions that Covington [...]

Diane Woolf Joins Covington Associates as Principal

Thursday, June 26th, 2008

Covington Associates, a Boston-based specialty investment banking firm, announced today that Diane Woolf has joined as a Principal.  Diane has 15 years of experience in capital raising for middle market and emerging growth companies.  She has raised over $2 billion in debt and equity capital.  Diane will focus on the business services, consumer and industrial, [...]

Stonebridge Associates Announces Promotions

Thursday, June 26th, 2008

Investment banking firm Stonebridge Associates has promoted Stefanie A. Dhanda from Vice President to Senior Vice President. This announcement follows the recent promotion of Annette Vaughan to Principal. “Over the years, Stefanie and Annette have been outstanding contributors to our firm’s progress. Their promotions reflect their demonstrated capabilities, leadership skills, and accomplishments.” said Richard Harvey, [...]

Back to the Future

Wednesday, June 25th, 2008

I, for one, never thought I would be channeling Spiro Agnew.  After all, didn’t this Nixon V.P. resign disgracefully in the face of tax fraud charges?  Yet, he is also known for a few choice turns of phrase. He didn’t mince words calling his administration’s enemies, “hopeless, hysterical hypochondriacs of history” and the anti-war movement, [...]

TA Associates Sells Preferred Freezer Services

Tuesday, June 24th, 2008

TA Associates, a leading growth private equity and buyout firm, today announced it has sold control of Preferred Freezer Services, LLC (Preferred Freezer) to Fenway Partners, a leading middle market private equity firm, in partnership with management. Financial terms of the transaction were not disclosed. TA Associates invested in the company in November 2005.
“TA has [...]

Constitution Capital Partners Announces $750 Million Strategic Relationship with USS

Tuesday, June 24th, 2008

Constitution Capital Partners (CCP), a new private equity firm focused on North American buyouts, and the Universities Superannuation Scheme (USS), the United Kingdom’s second largest pension fund, today announced that CCP has raised $600 million from USS to invest in North American middle market private equity funds and direct co-investments. USS has also committed $150 [...]